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is going to break it down for us. what do these plans do with all that money? >> first off, the $50 billion infrastructure program would rebuild or build 150,000 miles of road, 4000 miles of railroad track, 115 miles of airport runways. essentially, that would be paid for with taxes on the oil and gas industries. it's a six-year program, no new jobs created immediately, and much of the criticism is that it is essentially a payoff to the unions. there is a second plan to be unveiled tomorrow, the "wall street journal" saying that this is a $200 billion plan, $200 billion worth of tax breaks for businesses. it would speed up the writeoff, for example, bill, you spend $10,000 on a computer right now, and immediately, that $10,000 comes off your business income, taxable business income. overall, no new jobs created immediately, some say that this is the president scrambling because his polls on the economy are looking very, very bad, and both of those plans would require a vote in congress, which is not likely. bill: wow, so here we are, post labor day. i can't think of a bigger issue in the co
unemployment. you are looking at relatively years of that high level. bill: you come on tv and tell us you don't want to be mr. doom and gloom, i'm throwing you a lifeline today. >> i'm actually optimistic about the economy going forward. you are going to have on your program, you are going to have a prediction the republicans win big in november. if that happens, you look forward to the state of the economy, you could see a return of some con if i den in the economy. you could see that. bill: because vote were would see washington slowing down? >> business will be able to say -- there will be no big spending programs. we'll get certainly on regulations and taxes. the $2 trillion held by big companies on the sidelines. if they return to con if i den the economy will expand, that money will come off the sidelines and go into the economy and we'll expand. i'm optimistic of a republican sweep. bill: i'm going to give you a gloom and doom in quotes today. i'll cut you a break. martha: i have some upbeat news for you. september started off pretty darn good. the dow joins industrial posting its bigg
the u.s. government orchestrated the attack to reverse the declining american economy and its grips on the middle east in order to save the zionist regime. martha: pretty incredible, huh? the u.s. delegation thought so, too, they stood up and stormed out of the room on that. the obama administration called the iranian leader's comments outrageous and offensive and around new york, listen to this: thousands of people out there, they have been protesting his presence in this city for days, they even blasted his hotel for even accommodating him. bill we are awaiting at the moment a news conference in new york where ahmadinejad will speak yet again. certainly this topic and more will come up. good morning here in new york. >>> their company got your bailout dollars, now chrysler workers caught on video doing -- videotape doing more than just changing sparkplugs, chugging beer and smoking marijuana in the motor city. the exclusive investigation, carried out by a news team, wjbk television, has the evidence on videotape and these fellows were not shy. stuart varney, anchor of varney & com
. they'll play another tune for us. that wraps it up. >> eric: magic man will be the tune. carolina. hurricane earl is a powerful category 3 storm. winds at 125 miles per hour off the coast of cape hatteras. it could make its way up to maine by the weekend. full fox coverage including the latest from the hurricane center out of miami. there is a fox news alert. jobs. the private sector lost 10,000 jobs in august. it's going the wrong way, that arrow is. martha: turn these things around. this report does not include government jobs. it's just private sector jobs. it's clearly a sign the economy is struggling to get back on its feet. bill: varney and company, what do you think of this? >> we were supposed to be adding hundreds of thousands of new private sector jobs each and every month. that where we were supposed to be. but we lost 10,000 jobs in the month of august in the private sector. they were spread around, small business 6,000, medium size business, net, net, 10,000 jobs. they are at the heart of our economic problems and the concerns coming up for november. president obama i
us know how things change throughout the morning. jonathan serrie is there at kill devil hills in north carolina. martha: from new york up to new england were expecting strong winds that could cause a lot of damage and injuries as well. fox filliate reporter andy fox filed this report. check it out. >> reporter: we have 45-55-mile-per-hour gusting winds. this is the most severe wind we have had so far. the sand is kick up. we have the surf. when just had a big wave couple and crash on the sand banks. that's the latest from here. highway 12 closed at bonner bridge. i think the wind just blew out my contact. it's in my eye but it's not on my eye. martha: hate it when that happens. make the best of a tough situation. when it goes from a 4 to a 2, people say, gee. and we have seen a tropical storm turn into a 2 hurricane. it's a very big deal. bill: we are waiting for a category 5 hurricane off the coast of jacksonville. in the hours before it strikes it drops from a 5 to a 2. we think the danger is past. it moves up the coast to north carolina and hangs there for a week and floods
Search Results 0 to 4 of about 5